Thursday, September 13, 2018

Three Unique Insurance Policies You Might Want to Consider

Purchasing insurance can be a confusing process, and many people don’t know what type of coverage they need. When an accident or injury occurs, you want to be absolutely sure that you have a solid policy in place that will get you back on your feet as quickly as possible. Here is a look at a few unique policies and riders that you might want to consider investing in.

Natural Disasters
You most likely have some type of property insurance if you own a home, but that policy probably doesn’t cover natural disasters. Basic home insurance policies usually only cover issues such as theft, vandalism, fires, and minor injuries that take place on your property. If you live in an area that is prone to floods or hurricanes, then you should consider additional coverage for natural disasters. Most insurance providers offer affordable riders for those types of events.

Long-Term Care
Long-term care insurance is another rider that many people overlook, and that can be an expensive mistake. This type of rider is usually added to a life insurance policy, and it covers a wide range of expenses in the event of a serious injury or life-altering diagnosis. That includes prescription medications, hospice care, hospital visits, loss of wages, and professional caregiving. Some providers will bundle long-term care with traditional health insurance as well.

Horse Insurance
Anyone who has ever had a horse knows that these animals quickly become part of the family, and they must be protected at all costs. Before you head out and get your horse insurance quote, you should decide exactly what you would like to have covered. This type of insurance can cover a wide variety of situations including injuries, death, loss of use, and horse equipment.

Having the right insurance policy in place is going to make a big difference if a major mishap occurs. Those who want to thoroughly protect their family and property should speak with an experienced agent about all of their insurance needs.